Auto Owners Insurance Co Sells 10,767 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Auto Owners Insurance Co lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,110 shares of the basic materials company's stock after selling 10,767 shares during the period. Auto Owners Insurance Co's holdings in DuPont de Nemours were worth $13,376,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DD. Vanguard Group Inc. boosted its holdings in DuPont de Nemours by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after buying an additional 353,010 shares during the period. Franklin Resources Inc. boosted its holdings in DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after buying an additional 483,722 shares during the period. Northern Trust Corp boosted its holdings in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after buying an additional 690,218 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after buying an additional 336,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in DuPont de Nemours by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after buying an additional 37,327 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. UBS Group raised their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Mizuho raised their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $88.31.

DuPont de Nemours Trading Up 1.3%

NYSE:DD traded up $1.01 during mid-day trading on Friday, reaching $75.81. 2,233,161 shares of the company's stock traded hands, compared to its average volume of 2,481,533. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The firm has a market capitalization of $31.72 billion, a price-to-earnings ratio of -398.97, a PEG ratio of 2.12 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The company has a 50 day moving average price of $70.56 and a 200-day moving average price of $71.98.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the business earned $0.79 EPS. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's payout ratio is currently -863.16%.

DuPont de Nemours Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.